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Studio · 441 sqftMAG 318 Tower, Business Bay · 10th floor · completed 2020

1017, MAG 318 Tower

Sold prices and rental history: sold twice, last in October 2025, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1017 · DLD and Ejari recordsUpdated 20 October 2025
Last soldAED 1.1M20 October 2025
Current rentAED 66K /yr2 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1017, MAG 318 Tower

What is 1017 worth today?

Last sold for AED 1,100,000 in 2025

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20 Oct 2025SoldReady
AED 1,100,000AED 2,495 per sqft
2 May 2025RentedRenewal
AED 66,000/yr12 months · AED 150 per sqft
2 May 2025RentedRenewal
AED 96,000/yr12 months · AED 223 per sqft
2 May 2024RentedNew contract
AED 96,000/yr12 months · AED 218 per sqft
20 Jun 2021Sold by developerReady
AED 776,600AED 1,761 per sqft

Source: Dubai Land Department. Updated 20 October 2025.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
10th of 22
Parking
P2-33
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 1.1M · October 2025
Building
MAG 318 Tower

About 1017, MAG 318 Tower

1017 is a studio of 441 sqft on the 10th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 20 October 2025 for AED 1,100,000, or AED 2,495 per sqft, in line with the AED 2,454 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 2 May 2025, is AED 66,000 a year: a gross yield of 6.0% on the 2025 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1017 over time

Sales
Unit 1017, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 787,488; 2019 AED 791,651; 2020 AED 870,514; 2021 AED 750,000; 2022 AED 850,000; 2023 AED 945,000; 2024 AED 1,030,000; 2025 AED 1,077,500; 2026 AED 995,000Sold by developer, June 2021: AED 776,600 (AED 1,761 per sqft)Sold, October 2025: AED 1,100,000 (AED 2,495 per sqft)

1017 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1017, each contractTypical studio in MAG 318 Tower
60K80K100K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 64,465; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 60,000New contract, May 2024: AED 96,000 a yearRenewal, May 2025: AED 66,000 a yearRenewal, May 2025: AED 96,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 318 Tower, and where 1017 sits

All 316 studios →

1017 last sold in October 2025 at AED 2,495 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,454). Over the last 12 months studios sold for AED 850,000 to 1,160,000, around AED 2,387 per sqft, and rent for AED 50,000 to 120,000 a year. 1017's AED 66,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026850,000
27 Aug 2026920,000
7 Aug 2026850,000
21 Jul 2026850,000
21 studio sales in the last 12 months

MAG 318 Tower

Building

439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 27 sold in the last 12 months.

Typical price per sqft
AED 2,286 Down 5.7%
Typical sale
AED 1.08M
Typical rent
AED 79K /yr
Typical yield
6.1%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 439 units in MAG 318 Tower
Value
10011-bedAED 1.53M · Jan 2021
10022-bedAED 1.85M · Jan 2021
1003StudioAED 760K · Feb 2019
1004StudioAED 760K · Jul 2021
1005StudioAED 775K · Apr 2019
1006StudioAED 760K · May 2019
1007StudioAED 1M · Jan 2026
1–7 of 23

1017, MAG 318 Tower in numbers

  • Sold twice: first on 20 June 2021 for AED 776,600, last on 20 October 2025 for AED 1,100,000 (AED 2,495 per sqft).
  • Rented since May 2024 on 3 Ejari contracts, from AED 96,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2025 price is 6.0%, before a service charge of about AED 10,200 a year (AED 23.06 per sqft).
  • Studios in MAG 318 Tower sold for AED 850,000–1,160,000 in the 12 months to November 2026; the building's median across all types is AED 2,286 per sqft.

Source: Dubai Land Department. Updated 20 October 2025.

Questions about 1017, MAG 318 Tower

What did unit 1017 last sell for?

AED 1,100,000 on 20 October 2025: AED 2,495 per sqft for 441 sqft. The unit has 2 registered sales; the first was AED 776,600 in June 2021.

What is the rent for unit 1017?

AED 66,000 a year on the contract renewed on 2 May 2025. The previous contract, from May 2025, was AED 96,000; the unit has been rented since May 2024.

How big is unit 1017?

441 sqft (41.0 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.

What is unit 1017 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 318 Tower sold for AED 850,000 to 1,160,000 in the last 12 months, around AED 2,387 per sqft.

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Mortgage on 1017, MAG 318 Tower

Starts from the last sale price (AED 1.1M, 20 October 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →